The Hospitality Industry in a Time of Social Distancing: Threat and Opportunity
Maru Group
AUGUST 13, 2020
Consumer spending on travel and tourism, hotel rooms, conferences and weddings has plummeted by two thirds. McKinsey’s modeling suggests it will be 2022 or even 2023 before demand recovers. One person noted that, while “this is the time to experiment,” the question is “will consumers let us go there?
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